Basel, Switzerland, 16 May 2023 – Lonza Finance International NV, a wholly owned company of Lonza Group Ltd, Basel (“Lonza”), announced today the pricing of a EUR 500 million Straight Bond. The Eurobond marks Lonza’s first drawdown under its newly established EMTN program. The bond has a maturity of 10 years and an annual coupon of 3.875%.
The issuer is Lonza Finance International NV and the bonds will be guaranteed by Lonza. Lonza will apply for the listing of the bonds on the Luxembourg Stock Exchange (Regulated Market). The proceeds of the bonds will be used for refinancing and general corporate purposes.
Lonza’s issuer rating is currently BBB+ (S&P Global Ratings) with a stable outlook.
A consortium comprising of BNP Paribas, BofA, Citi, HSBC and JP Morgan were mandated to place the bond as Joint Active Bookrunners. Additionally, Goldman Sachs and ING were mandated as Joint Passive Bookrunners.
Key Data
Issue Size 10-Year Bond: EUR 500 million
Expected Payment Date: 25 May 2023
Maturity: 25 May 2033
Issue Price: 99.091 percent
Redemption Price: 100 percent
Coupon: 3.875 percent p.a.